For today, we expect some pull back as most Chinese stocks become value plays given the strong sell-off in the month of May.
SGX Nifty is at 12,069, lower by 49 points. For today, we expect some consolidation with an upward bias as markets price in a 25 basis point cut in rates on Thursday with some sections also looking for 50 basis points given the slowdown in consumption as the Central Bank meets on policy rates.
Nifty witnessed an extremely solid session with huge foreign buying seeing bears scramble for cover as the index closed at an all-time high of well over 12,000. Strength in rupee, fall in bond yields & oil down over 16% in May led to foreign buying accelerate as hopes of Modi 2.0 reforms saw across the board buying.
Global Market: Asian markets opened in the green as energy importers rose even though the US markets grappled with the technology sell-off. The Japanese Nikkei traded flat as weakness in US $ and subsequent strength in the yen kept exporters at bay. For today, expect some pullback as most Chinese stocks become value plays given the strong sell-off in the month of May.
US Market: US indices slipped with technology stocks leading the decline even as Dow Jones bucked the trend & closed in the green. FAANG stocks like Google, Apple & others were decimated as global trade wars & regulatory woes see market cap shrink. Oil nears 'bear' market even as Saudi Arabia talks up market.
II/DII Data: In yesterday’s trading session FIIs bought 3069 crores worth of stock in cash whereas DIIs sold 463 crores worth of stock. In the derivative market, FIIs bought 2296 crores of Index futures and bought 1133 crores worth of Index options. In the Stock futures segment, FIIs bought 1359 crores worth of stock futures and sold 43 crores stock options.
FII View: In the Index future segment, FIIs index future long/short ratio stood at 1.7x vs 1.4x on account of the buildup of long positions to the tune of 21436 contracts. Moreover, on the Index option’s front, they created long positions in call option strikes to the tune of 15244 contracts, indicating a positive bias.
Nifty witnessed an extremely solid session with huge foreign buying seeing bears scramble for cover as the index closed at an all-time high of well over 12,000. Strength in rupee, fall in bond yields & oil down over 16% in May led to foreign buying accelerate as hopes of Modi 2.0 reforms saw across the board buying.
Global Market: Asian markets opened in the green as energy importers rose even though the US markets grappled with the technology sell-off. The Japanese Nikkei traded flat as weakness in US $ and subsequent strength in the yen kept exporters at bay. For today, expect some pullback as most Chinese stocks become value plays given the strong sell-off in the month of May.
US Market: US indices slipped with technology stocks leading the decline even as Dow Jones bucked the trend & closed in the green. FAANG stocks like Google, Apple & others were decimated as global trade wars & regulatory woes see market cap shrink. Oil nears 'bear' market even as Saudi Arabia talks up market.
II/DII Data: In yesterday’s trading session FIIs bought 3069 crores worth of stock in cash whereas DIIs sold 463 crores worth of stock. In the derivative market, FIIs bought 2296 crores of Index futures and bought 1133 crores worth of Index options. In the Stock futures segment, FIIs bought 1359 crores worth of stock futures and sold 43 crores stock options.
FII View: In the Index future segment, FIIs index future long/short ratio stood at 1.7x vs 1.4x on account of the buildup of long positions to the tune of 21436 contracts. Moreover, on the Index option’s front, they created long positions in call option strikes to the tune of 15244 contracts, indicating a positive bias.
Get more details here:
Intraday stock tips, Financial Advisory Company ,Derivative Free Trial,Stock tips
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
0 Comments